Livingston County continued to be an example of financial responsibility after the Office of the New York State Comptroller issued its latest Fiscal Stress Monitoring System results with the County ranking among the top overall governments in New York State.
For the second time in the last three years, the County did not register any points in the fiscal stress category and was one of 24 counties across the state to earn the system’s top overall score.
Livingston County’s score of 0.0 resulted in “no designation” of fiscal stress from Comptroller Thomas P. DiNapoli’s Office, the best possible classification. Scores are out of 100 and are determined using a variety of metrics. The score then correlates with one of four fiscal stress designations: significant, moderate, susceptible to and no designation. Higher scores indicate a higher level of fiscal stress. DiNapoli’s report evaluates local governments on financial indicators including year-end fund balance, cash-on-hand, short-term borrowing, fixed costs and patterns of operating deficits to create fiscal stress scores for each municipality in the state.
“The latest Fiscal Stress Monitoring System results are a reminder that Livingston County continues to practice sound budgeting and financial responsibility,” said Ian M. Coyle, Livingston County Administrator. “The County’s Board of Supervisors, Department Heads and Elected Officials have developed responsible budgets that control spending. Our citizens expect their tax dollars to be spent wisely and efficiently and our score in the Comptroller’s Fiscal Stress Monitoring System speak to those efforts.
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